Medicine industry

Henan has endeavored to increase growth in its medicine industry. In accordance with the development plan published in 2016, the province focuses on chemical pharmaceuticals, biological medicine, traditional Chinese medicine and medical equipment. By the end of 2020, revenue in the medicine industry is expected to exceed 400 billion yuan at an annual growth rate of 15 percent. Two biological medicine bases will be set up and each is expected to see gains of over 50 billion yuan.